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Thursday, Mar 28, 2024

Biomedical Industry Growing: Report

The state’s biomedical industry has grown to become the second largest contributor to its high tech economy, behind only computer consulting, according to a report released by the California Healthcare Institute and Pricewaterhouse Coopers. California has 2,700 biomedical companies with 260,000 jobs far ahead of the motion picture, telecommunication and aerospace industries, the report found. Biomedical companies created $62 billion in revenue last year, the report said. The 101 Corridor has grown into one of the state’s largest biomedical centers in recent years and is home to drug maker Amgen

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